Wall Street experienced mixed results on Tuesday, with the S&P 500 falling by -0.28% and the STOXX 50 rising by 1.83%. The VIX and VSTOXX fell by -0.51 points and -1.24 points, respectively. The Nikkei 225 experienced a slight dip with a fall of -0.57%, while the VNKY fell by -0.82 points. These results occurred despite strong supplier-level inflation.
This could indicate that investors are confident in the market's ability to weather rising prices and remain stable in the near term.
I have been publishing weekly ranges for nearly 2 months now, probably it is time to look at the results of this experiment and make some conclusions. Unfortunately I did not keep a spreadsheet for the forecasts, so will have to enter them manually. Until next week!
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